Here’s the puzzle. Outflows of international capital from emerging markets around the world played a key role in causing financial shocks and steep recessions all over the globe in ... Read More
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of ... Read More
IMF statistics show that world GDP fell 4.9% from 2014 to 2015 which is almost as severe a drop as occurred from 2008-2009. Check out the bottom rows of ... Read More
Well-being is a multidimensional concept, for countries as well as for individuals. Thus, in the recent OECD report “How’s Life 2015: Measuring Well-Being,” the emphasis goes well beyond basic one-dimensional ... Read More
The fastest-growing countries around the world, now and probably for the next few decades, will not be the high-income countries. As a result, the global distribution of income will ... Read More
The economy of the eurozone makes the US economy look like a picture of robust health by comparison. Richard Baldwin and Francesco Giavazzi have edited The Eurozone CrisisA Consensus ... Read More
Two recent reports start by observing that long-term interest rates have been at extraordinarily rock-bottom levels for several years now. But from that common starting point, the analysis of ... Read More
The canonical source for data on flows of foreign direct investment are the reports from the United Nations Conference on Trade and Development, more commonly known as UNCTAD. It’s World ... Read More
Back in the 1920s and 1930s, manufacturing often meant enormous factories that tried to bring as many activities as possible under one roof–what economists call “vertical integration.” However, the ... Read More
Christian Thimann currently works with the French investment bank AXA while also holding an academic position at the Paris School of Economics. However, from 2008 to 2013 he was ... Read More
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